From the 2018-2019 budget that was read yesterday by Treasury CS Henry Rotich, we have listed all the new budget taxes that have been imposed:

Import Duties.

1. Steel & Iron productd – from 25 – 35%
2. Paper & paper board products from 25- 35%
3. Textiles & footware – Usd 5/ pc or 35%, whichever is higher.
4. Timber, specific duty rates of Usd 110, 120, 130 / MT or 35%, whichever is higher.
5. Vegetable oil, specific duty rate of Usd 500/ MT or 35%, whichever is higher.
6. Pesticides, raw materials imported by local manufacturers will be under duty remission scheme.
7. Vehicles, 5 seater and vans imported by registered tour operators will be exempted.
8. Clean energy cooking stoves, shall enjoy duty remission of 100%.

VAT
1. Agricultural storage facilities abd equipments, shall enjoy VAT exemption.
2. Animal feeds manufactured locally shall enjoy VAT exemption on the imported raw materials.
3. Laptop parts imported by local assemblers shall also enjoy VAT exemption.

Excise Duties
1. Imported private motor vehicles of engine capacity not exceeding 2500, shall attract excise duty of 30%
2. Those exceeding 2500 and not exceeding 3000, shall attract 35%. This is up from the current 20%.

Money transfers
1. 0.05% for every 50,000K transferred.
2. Mobile phone transfers- excise duty rate of 20% up from 10%
3. Petroleum, kerosene and gas fuels shall attract a specific duty rate of Kshs 10,305/ 1000 litres

Income Tax

1.Taxes on various incomes remains the same.

Port of Mombasa
1.Demurrage charges inmposed on equipments by shipping lines shall attract 20% income tax.
2. Capital gains on property transfers shall attract 5%
3. Investors will enjoy preferential tax rates for all their imports rates shall be provided in the Govt Gazette.